Royal Bank of Canada Cuts Canadian National Railway (TSE:CNR) Price Target to C$165.00

Canadian National Railway (TSE:CNR) (NYSE:CNI) had its target price reduced by Royal Bank of Canada from C$171.00 to C$165.00 in a report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on CNR. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the company from C$175.00 to C$170.00 in a report on Monday, January 13th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Barclays cut their price objective on Canadian National Railway from C$162.00 to C$160.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Canadian National Railway in a report on Tuesday, January 7th. Finally, CIBC cut their price target on Canadian National Railway from C$162.00 to C$157.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of C$167.86.

Canadian National Railway Stock Up 1.7 %

Canadian National Railway stock opened at C$143.53 on Monday. Canadian National Railway has a fifty-two week low of C$135.06 and a fifty-two week high of C$180.12. The firm has a market capitalization of C$89.93 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The stock’s fifty day moving average is C$144.49 and its two-hundred day moving average is C$149.91. The company has a debt-to-equity ratio of 107.59, a quick ratio of 0.58 and a current ratio of 0.64.

Insider Activity at Canadian National Railway

In other news, Director Shauneen Elizabeth Bruder bought 645 shares of Canadian National Railway stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average price of C$141.56 per share, for a total transaction of C$91,308.14. 2.64% of the stock is owned by insiders.

About Canadian National Railway

Canadian National’s railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%).